10 Best states for starting a business

Attention libertarians! Find out where the cold, dead hand of the state weighs lightest. Rankings provided by the Small Business & Entrepreneurship Council.

Taxes
Top personal income tax rate: 3.25%
Top corporate income tax rate: 4.225%
Property tax: 1.33%
Energy
Electric Utilities Costs †: 0.83
Labor
Minimum wage: $5.85
† Index of state's average revenue/kilowatt hour.
10. Alabama
Alabama's property taxes are among the lowest in the country, and taxes overall don't make too big a dent in entrepreneurs' wallets. "Alabama has developed a highly rated workforce-training program that helps leverage its competitive cost position," says Karen Kerrigan of the SBE Council. "The only downside is the liability climate. Alabama needs reforms that make it difficult to file frivolous law suits."



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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.